Hong Kong lawmakers urge ban on bitcoin as scam victims turn to police

February 11, 2015 10:49 AM

16 0

HONG KONG (Reuters) - Hong Kong lawmakers on Wednesday urged authorities to ban bitcoin as more than 25 people flocked to police headquarters to complain over a scam involving the digital currency that media estimate could have duped investors of up to $387 million.

The government should clamp down on bitcoin, said lawmakers Leung Yiu-chung and James To, who accompanied the complainants, among them Nepalese and mainland Chinese, as well as Hong Kong citizens.

Read more

To category page